to that? >> well, you know, you know, the guy there, he has one next to him with a baby, talking about not feeding her kids, and, you know, somehow it was mcdonald's responsibility to feed all her kids no matter how many she has rather than her responsibility. talk about this. you know, people have a right to ♪ ♪ imus in the morning ♪ fight for higher wages. i don't begrudge anyone for that. what they are talking about though, is taking the wage from seven bucks to $15, that's outrageous. talking about rewarding >> no matter where an american mediocrity. saying, okay, you know what? company makes money, it will be don't do what the other kids did in school, don't get extra taxed. credit, don't do the homework, this is new, it's from the don't work in the community, in president. good morning, everyone, fact, drop out. as they go on, despite the fact universal taxation, that's the president's answer to the they put in all the extra untaxed dollars that effort, they still owe you corporations keep overseas. because even though you dropped he's saying, you make it there, out of school, even though you we'll tax it here. decided to do what you wanted to whether you bring it back or do, they somehow owe you. not. this is an upsidedown world we that's the stick. here is the carrot, lower have here, and, you know, we've corporate tax rates. seen unions, the auto industry, mr. obama speaks of an amazon destroy detroit, and if they

facility in tennessee today, want to destroy the fast food tarksing the rich corporations industry, that's another thing, is the theme. but this whole thing is off the meanwhile, the handout nation mark. rolls on. you can't punish hard work and promote mediocrity, and that's aarp aggressively signing up aid, charles.doing. seniors for food stamps. thank you very much. good news on home prices, still back to nicole, talking a going up, 12.2% higher in may democratic luxury that will be coach. not doing well this morning. compared to last year. where's the stock now? the biggest yearly gain since >> seeing the stock down 9% at the moment. 2006. there's news on the keystone obviously, tough numbers. pipeline, it would only create they failed in their big market, 2000 jobs. "varney & company" is about to begin. any last requests mr. baldwin? women's handbags, facing intense do you mind grabbing my phone competition from michael kors, and opening the capital one purchase eraser? i need to redeem some venture miles before my demise. ath and pacific, weak sales, okay. that's the bread and butter. it's easy to erase any recent travel expense i want. soft sales in north america where often they do well, but to justick that flight right there. mmm hmmm. give it a few taps, and...it's taken care of. the downside for coach. >> nicole, the big board, still this is pretty easy, and i see it works on hotels too. where we were 10-15 minutes ago you bet. now if you like that, press the red button on top. when we got the consumer confidence numbers. virtually, no movement ♪ whatsoever. i have to conclude it's tuesday how did he not see that coming? morning, high summer, and most what's in your wallet? people are at the beach. >> missed the consensus.

it was a good number, but was consensus was higher. >> no response. >> quick on the coach thing. that's an example of one company just being out performed by another company, happening a lot. kors beating. until my wife goes to the coach store, i'm not touching that stock. she goes straight to kors. >> ceremony price range? >> they are starting to increase prices. they have amazing stuff, though. the only thing i hate is the perfume in the air, oh, my god, but what's great is the people who work there, the women who wear the dresses look fantastic. >> i have no clue how we got to this. it must be high summer, end of july, here comes august, get me to august soon, please. >> there you go. >> all right, charles. senator paul on the attack calling out governor christie setting up for 2016, and the judge, does he think paul could beat hillary clinton in 2016? the answer will surprise you.

he's next. ♪ >> good morning, everyone. yes, we will talk corporate taxes and the obama plan attacks everything, but first there is this. reality tv stars from the real housewives of new jersey are in trouble. charged with a 39 count indictment which includes charges of fraud and conspiracy. the couple had a five year tax returns and fake w-2's and e

could be jail time if found guilty. they'll grab for corporate cash, but eliot spitzer says he should drop out of the new york city race, anthony weiner. but a field day headline, pot, meet kettle. new york city becoming the laughing stack of the country. and take a liston what i said to mr. spitzer. >> the criticism is that new york then becomes a laughingstock. stuart: he found that to be an insulting question. good news on home prices they're still going up and i mean up. 2% higher may compared to april. the big news is 12% higher over the previous year, that's the best performance in 2006. all 20 cities in the index showing gains and dallas and

denver reaching the best level since the year 2000. of course we're watching your money, a big number coming out at the he top of the hour. consumer confidence, the market could react to that. take a look at this, please. he's called jet man. and he straps is wing on his back, jumps out of the plane and lights up the rockets and soars through the air. here he is at the event in which is was. his wing allows him to fly 200 miles an hour, 2000 feet above the ground and the first public flight is today. good luck. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options...

evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create >> as the fed starts today, i delity's options platform. say january is the shoe-in for it's one more innovative reason the next fed chief. serious investors are choosing fidelity. sorry, larry summer, she can't now get 200 free trades lose, and she's printing up a when you open an account. storm. we're already, what, between 85 billion a month, a trillion a year? how much more would she print if she gets the job? i wonder. maybe we'll ask the judge that later. maybe. right now, i got charles with me. apparently, he's going to try to make us money in the cloud. >> yeah, you know, a hot stock, akam, hit a level where it's attractive here, a cloud plan, an infrastructure play, and insiders are starting to buy the stock, and, actually, the street's looking higher and higher for next year. >> what's a cloud play? >> all your information and data stored away from you, not in a hard drive, sent to the so-called cloud. we know how much data is generated in the country, and it's going to get more and more from the business and perm side. this is a name, love the space,

used to be unstoppable, coming back, and regaining old strength. i think it will get up to 6 # 0. >> 60. all right, amazon is big in the cloud. >> they have to be. organizes people to get them on the cloud. >> a cloud player. these guys would make the tools for amazon to use. >> oh, they do? >> yeah. >> hardware stuff? >> yeah, yeah, well, the software that would be sort of the pick and axes for the companies. >> because i remember them from the 1980s. >> it was huge. >> didn't they make, like, a walkman, equivalent to the walkman way back when, the hardware. >> i don't remember that one. >> you don't go back far enough, sonny. >> i depress not. >> senator rand paul joined hannity last night slamming christie for a number of thing including use the of 9/11 attack to attack him. >> it's really, i think, kind of sad and cheap that he would use the cloak of 9/11 victims saying

i'm the only one who cares about the victims. hogwash. if he care about protecting the country, he wouldn't be in the give me all the money you have in washington or don't have and be fiscally responsive. >> okay, that's the fight between rand paul and christie. we're not interested in that, but in what the judge thinks about the election in 2016 that would or could remotely pit rand paul against hillary clinton. i'm just setting this up. it could be the matchup, and you say? >> yesterday, we talked about the republicans. it could tip the two of them on the same ticket, even though they started out with animosity. >> what? >> of course it could. >> on the same ticket? >> of course it could. you had ronald reagan -- i'm not saying hillary clinton and paul, but paul and christie. you had reagan before bush became a conservative. you, obviously, have a balancing

effort, and, yesterday, we talked about the big tent republicans, and how they need to have their arms around the republican party, but when the republican party runs people for president who don't put a fire in the belly of the base, people like george h. w bush against clinton, mckaine against obama, and romney against obama. they lose. they win people running like ♪ reagan, george w. bush, when he >> all right. ran as a small government president obama, some would say constitutionalist, and i think waging class warfare with his that rand paul could do the same thing. he could unite tea parties, economy before he goes on social conservatives, of which vacation with the rich. we're going to be talking he is one, could unite a lot of vacation optics in a minute. small government people, unite all the people, many of them are we're less than that to the democrats, independents or young opening bell, come in tres people who detest spying that governor christie supports. knippa. that could be enough to overtake i say that the president wants universal profits, you make it mrs. clinton. there, we'll tax it there. >> demagogued to death, you know that.

what about social security? no matter where the money is. he wants it prieftized; right? that's a new principle, what say there's a a kiss of death many american politics. >> i'm not here to defend the you. >> look at the principle that he wants to slash corporate tabs candidates, but here to defend rates and saying that the tax the idea a small government revenues are going to go up by reducing taxes. republican can win because when wait a minute, has an actual the republican party runs big economist managed to sneak into government republicans who don't put a fire in people's belly, the white house here and give the president some advice? they plews. by cutting taxes, you increase >> all right. you make the assumption that tax revenue, that's an economic america has not changed that much. i would argue that america has reality. we should be doing this. really changed a lot, and that we should be be slashing taxes for corporations, slashing taxes we've passed the tipping point for personal taxes and let's because half the population, a, talk about one more thing, he doesn't pay income taxes, and, wants to spend money on b, gets big government. infrastructure. we should e privatizing >> i agree. they start out with a guarantee infrastructure. roads and bridges should be built based on the economic of 1 # -- benefit for that road or bridge. 16 # 0 electoral votes. and it should be done by individual investors and not the there's certain states they do not go for a republican unless government. and why is that hard to there's a crisis we can't understand? >> i hate to cut you off. you're developing a following foresee or the federal among some of our viewers government collapses in a way we don't anticipate, and i indeed. thank you, tres knippa. acknowledge that, but at the same time that the sector that

and he went over there. and we're up 30 points on the receives wealth from the other dow. half that's growing, the sector 15,551. that's sick and tired of please look at amazon stock, the government is growing, last week president is speaking the at an in the house of representatives, amazon contribution center. the most libertarian member, they've got strong sales at he's 30 years old, second term amazon and the stock moved well republican, justin, and the above 300 a share and the record senior democrat, 25th term high was 313 and opens up around african-american liberal 308. keep your eye on amazon, a very democrat, combined together to interesting stock recently. challenge the nsa spying, and we did not have a stormy spring they lost by 11 votes putting and jen rack posted strong together a coalition that stunned the white house, mrs. pelosi, and speaker boehner profits. because that side of benghazi is they make the rolls-royce of too much, irs is too much, nsa generators. i have one in my house, full spying is too much is growing as disclosure there. well, and republicans are remiss what happened there? if they lose that opportunity. >> new high, we're seeing it up >> do you think there's a 7% at the moment and i remember slightest possibility of a joint ticket? a ticket with rapped paul and charles payne way back when christie in whoever is at the talking about generac. top or secondary, i don't know. do you think they could get when we had tornados and storms together? >> i'm not advocating for such a and the like, and they continue

to blow away the numbers, new thing. >> is it possible? >> i think it's possible. >> they seem far apart. >> i don't know that high. stuart: that's hurricane stock shall the weather disaster christiements paul on the stock. and let's look at the democratic ticket, and i think paul would be more open minded about who he luxury stock. would want on his ticket, but if coach, weak sales, where is that one, nicole? rand paul or a rand paul type >> down 8 1/2%. what's interesting about coach person at the head of the republican ticket, you'll have a is their bread and butter, fire in the belly amongst women's handbags. republicans which they have not that's really what coach is seen since ronald reagan ran for known best for. and as a result, it's getting election in 1984. >> you know what you did? hit hard. and you see some traders running he opened up the 2016 election by. and they say it's michael kors, campaign for discussion, and we for example, a big competitor thank you for doing that. >> thank you. >> you got a comment though. for them. stuart: 52 on coach, still not >> real quick. bad. i think, you know, the thanks, nicole, appreciate it. look at the dow, we're up 58 libertarians and the rand pauls points in the early going, 15, feels like they have to be able to communicate better, you know, 579. an uptrend the at the opening judge? my problem is when i talk to bell. people is they don't want to how strong is the economy, how pander. weak is it? when coca-cola sells coke in we'll get a reading tomorrow morning, it may move the market china, they do it in chinese. and and then there's a big jobs it's not pandering. it's smart marketing. report. and here is keith fitz-gerald. that's what i worry about. chris christie is a better do you care? are you going to invest your marketer than rand paul.

client's money based on the >> he's the biggest supporter economic reading tomorrow and the jobs number on friday? under 30. >> well, it's kind after two they'll be around for a while. part question. >> because they want am i going tooinvest client's legalization of drugs. money. >> and the free market which you good, bad or ugly, we've got to want as well. be in the market, that's what am i correct? ben wants and what the world >> yes. looks for and investors need. >> he's got him this time! and we're not making knee jerkk >> just hasn't been here in a decisions. i'm expecting growth to be while. >> he's been absent. >> celebrating her great sub-1%. >> there's a headline. grandchild. >> that's right. sub 1%. >> settte down, young man. it was 1.8% in the first three >> appreciate it. months of 2013 and you're saying >> my pleasure. >> listen to this, nba star, that april through june, less than 1%? that's near recession? butler, faced at versety, >> well, admittedly, that's on arrested at age 15, and now the the very conservative end of the man is a success, not only a spectrum and i'm looking at talented basketball player, but austerity and different tax base a successful businessman. and different exports. he's with us in one minute. and that having been said, they're going to rewrite history ♪ come wednesday and revise the numbers upwards and that's going to change on an unadult rated basis and we're going to see a

more conservative number than people expected. that may be wrong, but that's what i'm geared for. >> hold on, the number i get tomorrow morning at 8:30 eastern time. that will be the real number. that will be sub 1% and that's in today's markets, the headline coming at me a lot can happen in a second. tomorrow morning at 8:30, yea? with fidelity's guaranteed one-second trade execution, >> well, again, i'm looking on the very conservative end of the we route your order to up to 75 market centers spectrum. i don't like surprises, i don't to look for the best possible price -- want to be caught flat footed maybe even better than you expected. and this economy is all about it's all part of our goal ben and if i get more, that's to execute your trade in one second. gravy like icing on the birthday i'm derrick chan of fidelity investments. cake, but i'm not going to plan our one-second trade execution is one more innovative reason on it. stuart: well, if it's as weak at serious investors are choosing fidelity. implies to me that the stock now get 200 free trades market will go up, on the when you open an account. grounds that, a, ben bernanke will keep on printing in a very, very weak economy. and b, janet yellen will take his place at the federal reserve and she's going to print like crazy when she gets into the job, what do you say? >> she is. stuart: she's a shoo-in to get that job.

>> janet yellen never met a printing press she didn't like. of course she's going to print. bernanke can't take his foot off the gas and yellen won't take her foot off the gas if she's a shoo-in and we think she is. that means generally speaking, the market is going to go higher. that's what we're geared for. the number is relevant, but marginally so. really, it's important what the fed is doing. stuart: it is, it is. keith, thanks very much indeed. we'll be watching at 8:30. that's an interesting headline prediction, under 1% growth. all right, president obama is down playing the job creation potential of the keystone pipeline. in an interview with who else, the new york times. the president jokes, he said it will only create 2000 jobs. by the way, trans-canada's estimate that is building this it's hard to describe, because you have a numbness, pipeline, the canadian part. but yet you have the pain 118,000 jobs. like thousands of needles sticking in your foot. and his own state department puts the number at 42,000 jobs. it was progressively getting worse, and at that point i knew i had to do something. now, get this. once i started taking the lyrica the general accounting office the pain started subsiding. reporting that the agriculture department paid out more than 10 [ male announcer ] it's known that diabetes damages nerves.

million dollars in benefits to lyrica is fda approved to treat diabetic nerve pain. deceased, as in dead farmers. that was between 2008 and 2012, lyrica is not for everyone. it may cause serious allergic reactions that is your money. or suicidal thoughts or actions. tell your doctor right away if you have these, celebrate for president obama, new or worsening depression, or unusual changes in mood or behavior. headed to martha's vineyard at a or swelling, trouble breathing, rash, hives, blisters, tony resort, only available to changes in eyesight including blurry vision, the uberwealthy. muscle pain with fever, tired feeling, 75 rooms reserved for his staff. or skin sores from diabetes. common side effects are dizziness, sleepiness, his trip coming just as federal weight gain and swelling of hands, legs and feet. furloughs take effect. don'drink alcohol while taking lyrica. a former clinton pollster doug don't drive or use machinery until you know how lyrica affects you. schoen joins the company. those who have had a drug or alcohol problem i want corporate taxes and first of all, when were you in the may be more likely to misuse lyrica. clinton white house. ask your doctor about lyrica today. what did you do before the president went on vacation? it's specific treatment for diabetic nerve pain. >> we tried to figure out where he could go to send the best possible message and suggested that martha's vineyard particularly during an election year in 1996 was not the right place to go. i think he went out to wyoming or montana if memory serves. stuart: he went camping or something. >> went camping, a rust particular vacation. stuart: what do you make of

president obama going it uberrich, very tony martha's vineyard. >> well, he was there last year, i remember when i was there a week after though, he didn't call me and i'm not waiting for a call this summer. stuart: you go to martha's vineyard. >> absolutely, i'm a corporate democrat. stuart: you are familiar with the tony resort that the president is going to. >> of course. stuart: did you stay there? >> not yet, but there's hope. fellow democrat. but here is the thing, a couple of my sources were complaining about was that valerie jarrett came to a dinner party of six with six secret service people and martha's vineyard is a pretty secure place, and hard to see why the senior advisor needed six security people on martha's vineyard. stuart: if you were still in the >> let me check the market, an hour into the session, up 50 white house you would not advise points, 1557 p 3, that's where we are. president obama to go to oh, what a difference a day martha's vineyard. >> correct. stuart: today in the speech to makes. yesterday, yrc trucking down on amazon, he's going to say corporate profits no matter a bad report from credit suites. where they're made, no matter

where the money is, tax them. we're going to take our piece. things are different now? you like them? in return, we'll lower corporate tax rates. this seems to me to be big news? >> it is big news. as you were you saying before, they stop following, and it felt it's the first time he's like they pushed the same target proposed a tax cut and as tres out there. nervous, some firms say it's a $40 stock, but i think it's knippa said, it will mean more revenue. going substantially higher. you may object to what he wants >> substantially higher? >> substantially higher. to do with it as many it is volatile. >> all right. we got it. republicans would, wants to spend on infrastructure and butler came from very modest college institutions, he's beginnings, and it's all drugs when he was in latin, got extending an olive branch, with arrested, i think, 15 times a disincentive to take it before he was 15. he turns his life around, pulled overseas. stuart: it's an opening gamut himself up, not just a success towards a new economic policy? on the court, but aaccomplished >> i think that's right. in fairness, stuart, with harry businessman, keeping money, and reid, the democratic leader in he's keeping it. the senate talking about coran butler in new york. personal rights and saying, unless they continue to go up thanks for being here. >> thanks for having me. >> how did you do it, ten and raise 3 trillion dollars he's not doing tax reform. seconds that's pretty much of a downer, will >> surrounding myself with he very discouraging, but the the right people, you know, president's speech today has to making great decisions, and be seen as a small step in the

right direction. stuart: well, i see it as two going for the thing if it is a breakthroughs, one negative and for sure thing, going for the one maybe a plus and the negative here for the first time singles, and not the big home ever, we're going to tax run hits all the time. >> you are unusual. overseas corporate profits by i don't know about unusual, but, american corporations, never look, there's a lot of people done that before to my knowledge. make a ton of money, and i'm now we're going to do it. presuming that you make a ton of secondly, and this is good. money. you lower corporate tax rates. you're a basketball star, make a did you say the target was down top of money. >> been blessed. to maybe 28? >> they don't keep it, but >> i think it's 28. that's what i read. fritter it away, but y a step in the right direction. can you imagine if the obama don't you run six burger king administration were willing to franchises or something? consider a sort of quasi flat >> yes. >> okay. >> you know, i learned the tax where the highest marginal burger king franchise thing by rate was 28% and 18 in exchange working there. i worked there two years. for eliminating the vast i worked in the drive-thru, majority of deductions? that would be very, very good boiler, steamer, learned the news. hopefully we're moving in that innings and outs of the direction, hopefully. restaurant industry, and from a >> hopefully. basketball stand point, you >> dream on. >> well, you know. know, coming from humble >> hope springs eternal. beginnings and going through a lot of adversity early, you stuart: have you seen the movie know, i learnedded to appreciate "hope springs". the value of a dollar and the >> i did not. when i'm not on martha's sweat behind it. vineyard. >> what was the turning point? stuart: thank you very much, indeed. >> i think just being governor mike huckabee will be incarcerated. you know, being incarcerated,

you know, seeing my grandmother here to talk about president and my mom and the people that obama's tax where the money is supported me most, you know, go made and where they're kept. through that with me, and when i and his vacation on martha's got out, i wanted to, you know, vineyard and why he's not taking be a success story and make them responsibility for the economy. proud, you know, to face that reality and have them, you know, the governor at the top of the go through that with me. hour. 15, 574, now this. you know, it was unfortunate. >> don't people come at you the aarp, pushing food stamps today? people know you're a rich guy. >> all the time. for seniors? >> they come at you? volunteers canvassing in pennsylvania and other states, >> you learn to say no. getting the elderly to sign up when people ask you for things, you know, you got to be a man, for the program. stand up for what you believe more on that. in, say no, and, you know, it's ♪ about taking care of your children, and, you know, your immediate children. >> people come at you with business ideas? >> everything, you know, just opened a gas station, everybody need gas, anything. it's just, like, you know, that's not going to work. (announcer) scottrade knows our clients trade >> you stick with the business of burger king? >> i stick with that, i stick with things that believe in, you know, doing real estate things and inve. back in wisconsin, and, you know, just trying to stay with with scottrade's smart text, i can quickly

what i believe in and what works understand my charts, and spend more time trading. for me. >> do you spend up to your their quick trade bar lets my account follow me online income, or do you make sure you so i can react in real-time. save a chunk? >> i try to save a chunk of the plus, my local scottrade office is there to help. income. >> a big chunk? >> as much as i poly can. because they know i don't trade like everybody. >> really? >> yeah. >> you don't spend much? i trade like me. you have a lot of bling, drive a i'm with scottrade. (announcer) scottrade. rolls royce? voted "best investment services company." >> i have nice vehicles, but it took time to get to that point. you know, over the years, over the years. >> look at charles payne. they're the days to take care of business.. he's said this for years. when possibilities become reality. go. >> i'm proud of you. with centurylink as your trusted partner, >> thank you. >> there's a big debate whether our visionary cloud infrastructure fast food workers should be paid and global broadband network free you to focus on what matters. $15, you get a steppingstone, learn the work, punch a clock, with custom communications solutions and responsive, be responsible, and you make the move from there. the key, though, the peer dedicated support, we constantly evolve to meet your needs. pressure part, aaron hernandez, look at what he's facing, one of every day of the week. the guys who came to peer centurylink® your link to what's next. pressure. what did you tell kids? that's the hard part. nobodiments -- that's a good thing, nobody wants to let anybody but it doesn't cover everything. down, but around the block, other guys pull you down.

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41 points higher. 15, 563. the price of gold. 1318. down 10 bucks. hanging around 1300 for a couple of weeks. potash, a fertilizer company, right? down big. a russian company pulled out of a joint venture and others are down in sympathy. down 22%. a winner for you, its name is go goodyear, the tire company. and higher sales in latin america, up 12%. the pennsylvania chapter of the aarp urging seniors to sign up for food stamps. come in, boys, sign up, you need this and you're eligible. and they have volunteers handing out postcards how to enroll and we have 60-plus associations, jim martin is with us. jim, you are a competitor of aarp.

basically that's what you are. why do you think that the aarp is doing this? >> well, the aarp is for big government and big government handouts and they should know something about handouts since they've been getting handouts from the taxpayers for some 40 years entire existence. >> it seems like a stretch, doesn't it? i mean, they supposedly represent seniors and now they' they're trolling out there and pushing seniors into signing uch. i have to believe there's a deeper motive than just a goodwill. maybe i'm wrong, but you tell me. >> no, that's right. they're selling out seniors, quite frankly. look, this president, under his watch. we've entered 20 million more people under the food stamp program and the welfare program itself has skyrocketed by some 33%. let me tell you, one out of six speak to i want to go straight americans eligible for food to capitol hill. stamps? i don't think so. those that are eligible need it, we have a very special guest they should get it, but i think joining us this morning. that, listen, i think this is a

scandal that's waiting to be i suggested we would have a love discovered. it's not a phony scandal, as the fest earlier today. i will get to the targeted cuts president likes to say. >> what's the difference between you at 60 plus and aarp? on which we both agree. i know there's a huge divide, may i first ask you about what but basically spell it out. the president will say about what do you do that they don't corporate taxes today. do. and what do you not do that they do? >> they sell a lot of products in a nonprofit, a nonprofit over i am told that the president will offer a one off tax on corporate profits made overseas 600 million on the backs of seniors, we're not selling and the other side of the coin is eight cut in corporate tax products, we're selling a philosophy. lower taxes and limited rates. i was accurate on this? government and adherence to the >> stuart, i do not know all of constitution. we come from a right of center the details. conservative viewpoint. they're far less, and far liberal and they don't like to dropping the corporate tax rate admit that. they're a big government entity. from 35% down to 28%. >> do you offer yourself at 60 for manufacturing down to 25%. plus, anything over and above pure politics? >> nothing, except we keep track as part of that transition, of policies that the government is pushing, the obama

administration, and the aarp. there will be revenues on a one-time basis coming in and the they're a big government entight. and that's it, pure and simple. i started this organization 20 president proposes to invest some of those in job creation years ago, to be an a counter to the aarp. here at home, primarily through our infrastructure enhancement. to give seniors another voice in washington and that's what we do there at the 60 plus stuart: i picked up my ears on association. >> well, thanks very much for this one. joining us again i'm sorry we're i cannot remember the president short, but we appreciate what going for a tax rate cut before. you do. thank you, sir. >> thanks for having us, stu. this is a tax rate cut on stuart: will the president ever take responsibility for his record on the economy. corporations. and my take on amazon. it is balanced by the extra tax on corporate profits made that's coming up next. ♪ blame it on the rain ♪ overseas. i think that this is a ♪ yeah, yeah, blame it on the breakthrough. stars ♪ [ male announcer ] these days, a small business can save by sharing. >> i think that if you look at some of the presidents past proposals on the corporate side, he has talked about reducing the rates.

clearly, the fact that the president is laying this out in one of his major economic speeches shows that they are providing new emphasis to this. i think that this does have the seeds of a possible compromise and common ground going forward. stuart: i think that there is agreement here when we talk about sequester cuts. you oppose the sequester cuts because they are across the board. what you want, i believe, are targeted cuts. which targeted cuts? what would you cut? >> short. what i propose is a combination of targeted cuts, but also something we may not agree on which is targeted cuts to some like carpools... tax expenditures as well. polly wants to know if we can pick her up. yeah we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great.

[ male announcer the best thing tshare? a data plan. getting rid of these unnecessary at&t mobile share for business. and in many ways of seeing direct payments. one bucket of data for everyone on the plan, unlimited talk and text on smart phones. that is over $30 billion. now, everyone's in the spirit of sharing. hey, can i borrow your boat this weekend? that is just one example. no. there are things like carried [ male announcer ] share more. save more. at&t mobile share for business. interest and other special tax breaks that i do not think are ♪ justified on an economic basis. those are a couple of examples on things you could do to cut in a targeted way, but also cut some tax expenditures. depending on how many years you want to replace the sequester, obviously, you need more opel types of cuts. stuart: you think you could go a little bit further and talk about, approach the subject of entitlement reform?

>> we have already seen substantial savings when we eliminated the overpayments to medicare part c programs. that saved taxpayers billions of dollars. we can build on that approach. where we want to move the system what do you do when you can no longer get around like you used to? when you fear losing your independence? who do you call? call hoveround now, to see if you qualify for to where you reimburse providers america's premier power chair. and physicians based on the hi, i'm tom kruse, inventor and founder of hoveround. quality of care. now you can do more, see more, enjoy life more. that is truly rough for. here's why hoveround makes it easier than any other that is different than cutting, power chair. hoveround is more maneuverable to get you for example, -- through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair. and most importantly, 9 out of 10 people got their stuart: would you return to hoveround for little or no cost.

"varney & company"? call now for your free dvd and information kit. >> i would return. and now every hoveround comes with this tote bag and cup holder for handy access to your favorite items. we really have to come together as a country. you don't really have to give up living because you we are already hearing all kinds don't have your legs. of threats. call now for your free consultation. and right now, get this limited edition hoveround america travel mug free with your hoveround delivery. all of that, i think we would agree would be bad for the call or log onto hoveround.com right now! economy, bad for the country. stuart: it was a real pleasure having you on the show today. >> just look at pfizer, it is thank you, sir. the leading stock of the dow. if your net worth is $5 million, they sold their animal health division and made more than expected and the stock is up would you consider your self 1.6. the point is pfizer's reached rich? the people who have that kind of 30. then we've got rand pauls money, they do not consider fired back at chris christie and themselves rich. we're going to show you what he ♪ said to sean hannity last night peace of mind is important when you're running a successful business. and judge napolitano is going to talk about ron-- not ron, rand paul's chance ins

2016 and the case that the senator can beat hillary. and why are rich people hiding the fact that they do have money and we'll get the answer from the man who wrote the book on the rich. the president visits an amazon facility in tennessee. and make a campaign style speech. do you think he'll take any responsibility for what he's helped to create, not a chance. the high debt it's the other guys, it's the rich not paying their fair share as if this president had nothing to do with the economy for all of these years. will he take any responsibility for the mess? i repeat, not a chance. and i'll make a prediction, today his speech at amazon will play on the theme of building from the middle out. that, by the way, is what amazon is doing.

it plows back the profit it makes into business. the president will claim, that's what he wants to do with the country. he will say, tax global corporate profits and put the so we provide it services you can rely on. money back into the economy. sound like he's copying amazon. with centurylink as your trusted it partner, wrong. his policies do not build from you'll experience reliable uptime for the network and services you depend on. the middle out. they take from this group and they give to that group. multi-layered security solutions keep your information safe, and secure. take from the top, give to the bottom while the middle is stuck in decline. and responsive dedicated support meets your needs, and eases your mind. he's not building from the middle out. the middle is imploding. amazon really is growing. centurylink. your link to what's next. the business is expanding. it is doing this by making real investments. that is growth from the middle out. the president has a policy of tax and spend. , local. seizure and handouts. it's not working. but that will not stop him from stuart: headline, home prices of inmate. just a year ago, the index showed a decline in prices. home prices are up 12% from a year ago.

record highs, by the way, our co dallas and denver. coopting, it may attract votes, but just ask america's declining middle class. ♪ obtaining tens of millions of dollars in overpayments from grade operators. jpmorgan has agreed to sanctions. new reports out of florida after reports of an explosion. there are eight people injured, possibly for in critical condition. ♪ next, $5 million, does it make ♪ you feel rich? ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event going on now at your authorized mercedes-benz dealer. but hurry, offers end july 31st.

stuart: all right. you are on the block, charles. charles: chart had an amazing earnings report. if you want to play fracking in china, this is your best way. i have liked it for the past year. stuart: multimedia. charles: we just did this a couple weeks ago. they reported as well. a new 52 52 week high for them as well. i love this one. i think they will go higher. their faces oklahoma, but they are spreading out big time. stuart: 3d systems. charles: they are getting hammered today.

stuart: numbers are fantastic, it is down 5%. charles: spending a lot more money on getting those numbers. industrial 3d printers is where the big money may be. i still like both of them, by the way. stuart: you would not sell it? charles: absolutely not. >> tuesday, july 30th, president heads to vacation, but not before he does this, grabs for $5 million is a lot of money to the corporate cash to tax not feel rich. profits wherever they are made, make money overseas, tax it in we have the author of "how rich dc. huh. what does governor huckabee people think" with us. think about that? he's here. so is top democrat chris van 1 million to $5 million in holland. it's not a love fest, no, but there's agreement in the air. assets. 28% of people do not feel rich.

he wanted targeted spending cuts. huh. rand paul can beat hillary >> 41, i really do not eat it is clinton so says the judge. that much money. he'll make the case. karen butler is here with a lesson for us all making big that is one issue. money, and he keeps it. over 30 years of interviewing the wealthy, a lot of them come ♪ from a fear and scarcity -based >> hang hon, wife 50 seconds mindset. they have build up their fortune and now they are worried about 3w-6r the conference board losing it. releases the consumer confident number. depending on the reading, it stuart: i take your point. maifght affect the market, the fear that it may all disappear. dow up 45 points, and consumer confidence rising recently, and we have had a lot of ups and we have a solid number today, downs recently. the idea that $5 million is not maybe that will have some that much money, hold on a influence on the stock market. here is charles payne who knows more about the market more than second, you can pay any bill anybody else. i got this right? could move the market? is it important? that comes across your doorstep >> it is important if it breaks with that kind of money, you can out of a range. go anywhere you like. recently, it made the bounce, you know, from the recessionary you can buy any car you like,

lows, and now it's sideways. if we get to the prerecession you don't think that is a lot of highs, that will be newsworthy. >> not reviving the argument money? >> obviously, it is relative. whether it's ben printing money or market going up. we both know that charles has all the money. it's just up. you should be in it; right? [laughter] >> absolutely. >> ten o'clock, here we go, charles: piggies said it best. conference board released the latest number. [laughter] we'll get it. stuart: teresa and joe from the everybody's waiting for it. okay. real housewives of new jersey, july consumer confidence is what we're looking for, and we have they have been indicted. hiding their improving fortunes not got it yet. during bankruptcy. nicole, herbal life is up big. >> i'm confident i have add least this for you. do you have any reaction to the housewives of new jersey? 6.6% to the upsite. the stock at a new high, and >> you know, they just make rich people look bad. billionaires battled it out, i hate these shows. i really do. akman called it a ponzi scheme, and stock up 100% this year, better than expected earnings, and now a new high.

>> thanks, nicole. i think people like this, i know they are just being accused of i have the reading on consumer confidence, 80.33. this, they are not being convicted, but if they are that sounds strong, charles. guilty, they are making rich people look bad. >> very strong. don: no impact on the market. >> the dow is sideways. we're not back to the numbers we were used to for a listening they are not like that. stuart: okay. i will take your word for it. time, but it's moving in a right direction. "how rich people think." 8 o is a strange reading. though the walkie brewers >> bounced, moved sideways, and offering fans a give back. the street wants it to break to the 2007-2006 levels. >> okay. absolutely no response on the find out how much and if it market. makes any difference after this. i don't understand that. 411 points up, that's it. ♪ [ male announcer ] the mercedes-benz summer event is here. >> herbal life, though, that's, you know what? this is a stock that, first of all, it was telegraphed the day there was a big day, and two weeks ago, same business model, huge, but this is one of the names that for some reason the shorts get every now and then people talk about the shorts in the way that aids efforts to press the names. it's wholly unfair, major net worth, newspapers when they crush stocks, my subscribers, i

sent an alert to the office, up 36% in it. north america up 10%, mexico up 22%, south and central america, 46%, china, up 53%. this is an example of people losing money because shorts beat them up. >> okay. no reaction on the market, seriously, up 47. >> a little traction, up 40, now 48. you get impatient as you get older. be patient. >> you referring to my age? now get the unmistakable thrill... >> ha-ha! well, i just said -- came out a and the incredible rush... of the mercedes-benz you've always wanted. minute ago. ♪ >> wait a minute -- >> i'm supposed to be the guys, like, you know, you are to be but you better get here fast... calm, cool, collected, let it go [ girl ] yay,addy's here. here you go, honey. thank you. up. >> in the age of hair trigger [ male announcer ] because a good thing like this... phew! punching the "buy" or "sell" won't last forever. mmm. button, i expect instant [ male announcer ] see your authorized dealer for an incredible offer reaction. >> people are intimidated. on the exhilarating c250 sport sedan. this is jobs report weak. but hurry, offers end july 31st. this is one of many important pieces of data coming out.

>> okay, charles. son. [laughter] president obama is set to speak at an amazon facility in tennessee today. rich edson's here. am i right in saying that this is what we reported on all morning, that the president was universal corporate tax, make a profit in mongolia, we tax it in dc. that's point one; correct, rich? >> a one-time shot, says officials, a one-time tax on some type of corporate, either property or earnings overseas, we're not sure how it's structured, but it's very, very little detail out right now. all we know is that it's some type of tax on foreign earnings. >> that's interesting. a one-time shot. here's the tax, you pay it now. not maybe next year or five years, but pay it right now. isn't it going to be matched by

lower corporate tax rates? not 35% as it is now, but down from there; correct? >> right. what the administration put out before a couple years ago is a corporate tax overhaul that lowers the top rate to 28%, 25 for manufacturers, makes 250 billion over the next ten years, but, again, we don't know if the president is abandoning that. the specifics are light right now. >> very important breach of principle. the president, to my memory, lowering a tax rate. i've not seen him even suggest such a thing before. rich, big stuff. are you stuck in d.c. going to tennessee? >> hardly stuck, i have the privilege of being in washington today. >> okay, just asking. rich edson, i'm entitled to ask, what about washington, d.c.? southern efficiency and northern charm? >> you got it. that's it. that's it. [laughter] >> thank you, rich edson. all right, the president's going

to take credit for amazon's growth, all the while, he wants to tax corporate profits everywhere and anywhere. governor mike huckabee joins the company right now. governor, this is breaking news. i think this is a big deal for two reasons. number of one, the breach of principle, for the first time ever, we're going to tax stuart: ryan braun suspended for corporate profits even when they the rest of the season. make them in mongolia or the brewers will give money back someplace else, and, two, the president talks of lowering the tax rate. never heard that before. what's your take? to fans. charles, i do not see what else >> at least half is a great idea, lowering the corporate tax they can do. rate, i'm sure you love that they have nothing else going for too, but the details yet to be them. i hope the brewers do not get off scott free with this thing. determined, and however he taxes earnings overseas, how does he they extended this guy's determine he's subject to u.s. contract three years early. tax and get the corporations to pay if they are wholly domicile why all of a sudden did he in a foreign country? that's the tricky part in become such a nice guy and admit globalization. what it could do it flip the all of this? shame on the brewers. switch ones deciding to tax every american business that

by condoning this, you are as operating thinker in the world. that will reign in a huge backlash from u.s. business. guilty as any player. >> very interesting, governor. you got the finger on this one, stuart: he loses $3 million. it's a big deal, but we don't know the details, and the devil's in the details for sure. all right, the president is connell: you know, the headed to martha's vineyard for organization should have known something was wrong. vacation, august 10, he leaves, stuart: today are in a hole, these guys. staying in a posh resort they are giving everyone $10. available only to the ultra wealth. what do you think of that? you've been in politics. that is like the cost of one beer at yankee stadium. what are the optics of a vacation of wealthy people after charles: it will take more than making a class warfare speech? a $10 voucher to regain me. >> for president obama, the optics are not bad. the press lets him get away with it. when george w. bush went to his stuart: joe and teresa off of home in texas and chopped wood, you would have thought he was having a spa treatment, but the housewives of new jersey. obama is going to the tonenyist places in all of the united states saying in a 7.6 million charles: a bot of these dollar wonderful home, and housewives shows are bona fide taking 75 hotel rooms to bring wannabes. stuart: your reaction to my take

all his staffers and security next. in, and, you know, i think only ♪ a handful of us, you know, give a rip about it, but i don't know how you can say to the middle class, i'm out this fighting for you, but i've got my feet up sipping a martini at four in the afternoon at the vineyard, but don't think for a moment you're not far from my mind. i don't know how that plays out in the rest of america. >> do you think this president will actually take responsibility for the economy of the last four and a half years, which he has created? sometimes it seems like he's just driving by and happens to see the economy on the side there, says, oh, it's somebody else's fault. it's a mess. it's somebody else's fault. do you think he'll ever take responsibility for it? >> if you're asking me if i think that the president will ever take responsibility for the economy, you might as well ask me, am i next in line to be the pope when pope francis should

step down. [laughter] a thousand times no. we will never see this president say, you know what? i inherited something, but i made it worse, and it's my fault. we are never going to hear that. ever. >> what about phoney scandals, your reaction to the phoney scandal remark? >> >> why he said it the first time is beyond me, and it's inexplicable he keeps repeating that line. i have to think they must have tested it, but the truth is as people react and, look, waiting on the press to do their job, which scandal, drpt, is phone yi? ben gay cy, nsa, snooping in e-mails? are they phoney? which ones? what makes them phoney? i think the president has opened up more questions than he's answered, and, personally, i think it's a huge mistake for him to take on that phoney scandal line he pushed.

>> governor, thank you for appearing us on a tuesday morning. we wish you the best of luck stuart: last hour i gave you my take on president obama going to because we'll be watching your tennessee to talk about and show. >> thank you. amazon plant. >> fast food workers in seven here is your take. cities protesting what they say are wages that are too low to carolyn, what is obama going to live on. workers in new york city, chicago, detroit, milwaukee, do other than offer up lip st. louis, kansas city, and flint, michigan from the service? check facebook, everybody. mcdonald's, wendys, kfc, you can join the conversation. listen to what they had to say. i have facebook. >> workers continue to see no look at this. gains. they comet to be paid the same facebook is up over one dollar. poverty wages, some work ten years on the job, raising families, receive no raises. it is up 3%. >> we can't survive on 7.25. this thing is on a roll. it's impossible. we can't live. we have the dow, 3650. >> charles, what's your response up $1.06. thirty-eight dollars was the ipo. the dow, 16 points higher. facebook is really moving.

dagen, it is yours. dagen: thank you so much. holy home sales, batman. dallas and denver at new record highs. bob schiller will tell you if this can't continue. the war on poverty in the u.s. what is the answer? we debate. the fabulous fab. our very own elizabeth macdonald tracks is down. the tiffany network is at war with time warner. what does that mean for about 3 million time warner customers coast to coast? all of that and more on this hour of "markets now."

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